Metaplanet transferred 5,014 BTC between its custody wallets within 24 hours but confirmed no Bitcoin was sold, maintaining its total holdings at 43,000 BTC. The transfer was a routine custody operation despite Bitcoin trading at about $63,500, well below Metaplanet's average acquisition cost of $95,982 per BTC, resulting in an unrealized loss of over 30%. The company’s stock has fallen over 43% this year, and it faces financial challenges with liabilities exceeding cash reserves. Metaplanet recently raised funds through bonds and equity but has not sold any Bitcoin, unlike some peers who have liquidated holdings to bolster cash positions.
Alkermes plc's drug ALKS7290 demonstrated significant improvement in ADHD symptoms in a Phase 1b trial, with patients showing a 14- to 19-point gain on a 54-point scale within two weeks. This outperforms typical placebo effects, which range from 6 to...
Morgan Stanley upgraded NNN REIT from Neutral to Overweight due to its stable income and strong financial health. The REIT boasts a 99.1% occupancy rate and 97.5% fixed-rate debt, ensuring steady rental income and protection against interest rate hik...
On September 21, 2026, Sandisk was added to the S&P 100 index, replacing Nike, which was removed on the same day. This change reflects shifts in market capitalization and company performance within the index. The update is significant for investors t...
Ethereum's price surged past $2,700 for the first time since January 31, driven by two large whale buyers who purchased about $106.4 million worth of ETH in five days. One whale notably sold 1,107 BTC to buy and stake 34,422 ETH, signaling strong con...
J.B. Hunt's stock fell 13% after diesel prices surged past $6 per gallon, causing higher costs that outpaced fuel surcharges. CFO Brad Delco explained this as a timing mismatch, expecting surcharges to catch up in Q4. Analysts remain optimistic, citi...
